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2020 (7) TMI 774 - HC - Indian LawsSeeking extension of time for an additional period of 90 days for the payment of OTS amount - petitioner could pay only 20% of the OTS amount and balance 80% of the amount - prevailing Covid-19 lockdown situation - HELD THAT:- In this case, it is to be seen that the Hon'ble Apex Court has extended the limitations under several statutes, where there is no provision for condonation of delay also, till further orders or till the lockdown is lifted. The Hon'ble Full Bench of this Court also extended interim orders taking into consideration of the prevailing Covid-19. The situation is extraordinary affecting the entire humanity and judicial notice has already been taken of the same. Learned Standing Counsel could not dispute the situation due to Covid-19 prevailing in the country - In view of extraordinary circumstances, we are of the opinion that the petitioner can be granted time for payment entire due under OTS till the end of August, 2020. The petitioner is permitted to pay 25% of the outstanding amount by the end of this month i.e., July, 2020 and balance 75% of the amount, by the end of August, 2020. Failing which, it is open for the respondent Bank to take appropriate action, in accordance with law - petition disposed off.
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